When a buyer defaults on a purchase and sale agreement in Maine, the seller's available civil remedies may include:
Correct Answer
B) Retain the earnest money deposit, sue for specific performance, or sue for actual damages
When a buyer defaults on a real estate contract in Maine, the seller has several civil remedies available. These include retaining the earnest money deposit as liquidated damages (if the contract so provides), suing for specific performance to compel the buyer to complete the purchase, or suing for actual monetary damages. These remedies are generally alternatives rather than remedies that can all be pursued simultaneously. Breach of contract is a civil matter, not a criminal one.
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